Bitcoin Whale Doubles Short Position Amid Market Volatility

A prominent cryptocurrency investor, identified as ‘1011 Insider Whale’, has significantly increased their short position on Bitcoin. This whale added an additional 100 BTC to their holdings, bringing the total to 1,100 BTC, with a current market value of $121 million. The leverage applied to this position is a high 10x, with an entry price of $109,762 and a liquidation threshold set at $135,320. As of now, the position is experiencing an unrealized loss of $535,000 due to market fluctuations.